Mobile Startups Rack Up $4.2B in January

Uber once again brings in the most cash among the 118 deals private companies inked in the first month of 2015.

Sarah Thomas, Director, Women in Comms

February 12, 2015

3 Min Read
Mobile Startups Rack Up $4.2B in January

It was a fruitful start to the year for mobile startups. According to Rutberg's latest numbers, private companies in the mobile space raised $4.2 billion in venture capital from 118 deals in the month of January, with Uber once again leading the charge.

Even without Uber's $1.6 billion raised and the 17 other growth equity rounds of $50 million or more, startups still managed to earn $765.6 million last month, Rutberg & Co. , which tracks the VC space closely, says.

Interestingly, Uber wasn't the only transportation app to attract funding in January. The second and third largest deals of the month went to its Chinese competitors, Kuaidi Dache, which raised $600 million from Alibaba.com Hong Kong Ltd. , SoftBank Corp. and Tiger Global Management; and to Didi Dache, which raised $700 million from DST Global, Temasek Holdings and Tencent Inc. last month.

For its part, Uber raised $1.6 billion in convertible debt from Goldman Sachs & Co. 's Private Wealth Management clients, bringing its total raised to date to $4.3 billion. (See Mobile VC Holds Steady at $1.3B in July and Uber Drives June Mobile VC to $2.3B.)

Here are the top five earners for January:

Startup

Latest funding

Location

Developing

Backers

Uber

$1.6 billion

San Francisco, Calif.

mobile, on-demand transportation app

convertible debt from Goldman Sachs's Private Wealth Management clients

Kuaidi Dache

$600 million

Hangzhou, China

global car service app

Alibaba, SoftBank, Tiger Global Management

Didi Dache

$700 million

Beijing, China

taxi-hailing smartphone app

DST Global, Temasek Holdings, Tencent

One97 Communications

$575 million

New Delhi, India

Paytm mobile payments app in India

Alibaba's Ant Financial Services Group

Read more about mobile topics on the dedicated 4G LTE channel here on Light Reading.

It wasn't all cars and mobile apps in January, however. Other big earners that telecom service providers might want to keep an eye on include Rounds, which raised $12 million led by Sequoia Capital and with participation from both Samsung Ventures and Verizon Ventures, among others, for a real-time mobile video chat application with group chat functionality. (See Verizon Likes OTT Video Prospects.)

Another is WorldVu Satellites, which pulled in cash from Qualcomm Inc. (Nasdaq: QCOM) and Virgin Group for its OneWeb mobile Internet satellite constellation. (See OneWeb Gets Funding From Qualcomm, Virgin Group, O3B Founder Taps Virgin, Qualcomm for New Satellites and SpaceX Nabs $1B From Google for Satellite Internet.)

And Altiostar , which raised $50 million for its distributed radio that uses Ethernet to connect the radios and the controller. (See Altiostar Secures Another $50M in Funding .)

Of course, there had to be a robot or two. Startup Jibo raised $25.3 million for its WiFi-connected "household robot." (See SoftBank Launches $2K Personal Robot That Feels Emotions, Evolves.)

To follow the cash from the past year, read up on Rutberg's past monthly VC reports below.

— Sarah Thomas, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profile, Editorial Operations Director, Light Reading

About the Author

Sarah Thomas

Director, Women in Comms

Sarah Thomas's love affair with communications began in 2003 when she bought her first cellphone, a pink RAZR, which she duly "bedazzled" with the help of superglue and her dad.

She joined the editorial staff at Light Reading in 2010 and has been covering mobile technologies ever since. Sarah got her start covering telecom in 2007 at Telephony, later Connected Planet, may it rest in peace. Her non-telecom work experience includes a brief foray into public relations at Fleishman-Hillard (her cussin' upset the clients) and a hodge-podge of internships, including spells at Ingram's (Kansas City's business magazine), American Spa magazine (where she was Chief Hot-Tub Correspondent), and the tweens' quiz bible, QuizFest, in NYC.

As Editorial Operations Director, a role she took on in January 2015, Sarah is responsible for the day-to-day management of the non-news content elements on Light Reading.

Sarah received her Bachelor's in Journalism from the University of Missouri-Columbia. She lives in Chicago with her 3DTV, her iPad and a drawer full of smartphone cords.

Away from the world of telecom journalism, Sarah likes to dabble in monster truck racing, becoming part of Team Bigfoot in 2009.

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